Private debt allocation jumps to 3% for Chicago Teachers’ fund

The fund is on the hunt for managers as it begins to implement its 10-year investment plan

The $12 billion Chicago Teachers’ Pension Fund approved a 3 percent allocation to private debt, equivalent to $375 million, to be satisfied over the next 10 years, at its 27 August investment committee meeting, according to documents prepared for the fund by private markets adviser Callan.

At the meeting, CTPF outlined its new plan to satisfy its allocation toward private debt.